KSL/Purchase Closing Docs - 20020 Fidelity National Title Company
7344 Magnolia Avenue, Suite 275 • Riverside, CA 92504
18001 9407794 • FAX 19091 837 -1935
DATE: June 27, 2002 TIME: 14:14:50
ESCROW NO: 140678 -LRC
ESCROW OFFICER: Lisa R. Conlin, Vice President CLOSING DATE: June 27. 2002
BUYER FINAL CLOSING STATEMENT
SELLER(S): KSL Land Holdings, Inc.
BUYER(S): La Quinta Redevelopment Agency
PROPERTY: The Ranch, La Quinta, CA
$ DEBITS
FINANCIAL:
Total Consideration 42,500,000.00
Deposit - City of La Quinta Pub Agt La Quinta fbo La
Quinta Redevelopment Agency
Deposit - City of La Quinta fbo La Quinta Redevelopment Agency
Deposit - City of La Quinta fbo La Quinta Redevelopment Agency
Deposit - City of La Quinta fbo La Quinta Redevelopment Agency
Deposit - City of La Quinta fbo La Quinta Redevelopment Agency
Savings Interest
Savings Interest
PRORATIONS /ADJUSTMENTS
Prepaid County Taxes at $1,432.79 Semi - Annual from
31.84
06/27/02 to 07101/02 APN 770 - 200 -009 -5
-
Prepaid County Taxes at $1,794.97 Semi - Annual from
39.89
06/27/02 to 07/01 /02 APN 770 - 200 -010 -5
Prepaid County Taxes at $1,995.92 Semi - Annual from
44.35
06/27/02 to 07/01 /02 APN 770 - 260 -017 -8
Prepaid County Taxes at $995.76 Semi - Annual from
22.13
06/27/02 to 07/01/02 APN 772- 150 -001 -7
Prepaid County Taxes at $1,840.73 Semi - Annual from
40.91
06/27/02 to 07/01/02 APN 772- 150 -002 -8
Prepaid County Taxes at $763.73 Semi - Annual from
16.97
06/27/02 to 07/01 /02 APN 772 - 150 -003 -9
Prepaid County Taxes at $8,122.54 Semi - Annual from
180.50
06/27/02 to 07/01102 APN 772 - 150 -004 -0
Prepaid County Taxes at $446.62 Semi - Annual from
9.92
06/27/02 to 07/01/02 APN 772 -150 -006 -1
Prepaid County Taxes at $636.32 Semi - Annual from
14,14
06/27102 to 07/01/02 APN 772 - 290 -002 -1
Prepaid County Taxes at $5,733.84 Semi - Annual from
127.42
06/27/02 to 07/01/02 APN 772 - 290 -003 -2
Prepaid County Taxes at $2,691.09 Semi - Annual from
59.80
06/27/02 to 07/01 /02 APN 772.290 -004 -3
Prepaid County Taxes at $2,093.06 Semi - Annual from
46.51
06127/02 to 07/01 /02 APN 772 - 290 -006 -5
Prepaid County Taxes at $12,873.28 Semi - Annual
266.07
from 06/27/02 to 07/01 /02 APN 772 - 290 -007 -6
Prepaid County Taxes at $1,522.84 Semi - Annual from
33.84
06/27/02 to 07/01/02 APN 772 - 290 -009 -8
Prepaid County Taxes at $4,230.13 Semi - Annual from
94.00
06/27/02 to 07/01/02 APN 772 - 290 -010 -8
Prepaid County Taxes at $3,177.70 Semi - Annual from
70.62
06/27/02 to 07/01/02 APN 772 - 290 -011 -9
Prepaid County Taxes at $129.90 Semi - Annual from
2.89
06127/02 to 07/01 /02 APN 772 - 290 -012 -0
Prepaid County Taxes at $16,434.12 Semi - Annual
365.20
from 06127/02 to 07/01/02 APN 772 - 290 -014 -2
Prepaid County Taxes at $4,275.39 Semi - Annual from
95.01
06/27/02 to 07/01 /02 APN 772 - 290 -016 -3
Prepaid County Taxes at $1,936.56 Semi - Annual from
43.03
06/27/02 to 07/01/02 APN 772 - 290 -016 -4
Prepaid County Taxes at $788.37 Semi - Annual from
17,52
$ CREDITS
100,000.00
150,000.00
38,138,698.08
3,567,171.42
565,117.75
126.57
2,107.70
uate: June 27, 2002
Escrow No: 140678 -LRC
06/27102 to 07/01/02 APN 772 - 310 -002 -2
Prepaid County Taxes at $1,026.37 Semi - Annual from
22.81
06/27/02 to 07/01/02 APN 772- 310 -004 -4
Prepaid County Taxes at $14.37 Semi - Annual from
0.32
06/27/02 to 07/01 102 APN 772- 310 -005 -5
Prepaid County Taxes at $2,427.11 Semi - Annual from
53.94
06/27/02 to 07/01/02 APN 772- 310 -006 -6
Prepaid County Taxes at $5,465.62 Semi - Annual from
121.46
06/27/02 to 07/01 /02 APN 772- 310 -009 -9
Prepaid County Taxes at $484.61 Semi - Annual from
10.77
06/27/02 to 07/01 /02 APN 772. 310 -010 -9
Prepaid County Taxes at $3,216.65 Semi - Annual from
71.48
06/27/02 to 07/01/02 APN 772- 310 -011 -0
Prepaid County Taxes at $4,290.48 Semi - Annual from
95.34
06/27/02 to 07/01 /02 APN 772- 310 -012 -1
Prepaid County Taxes at $1 5,357.89 Semi - Annual
341.29
from 06/27/02 to 07/01 /02 APN 772- 310 -014 -3
Water District $350.00 Annually from 06/27102 to
3.89
07/01/02 APN 770 - 200 -009
Water District $450.00 Annually from 06/27/02 to
5.00
07/01/02 APN 770 - 200 -010
Water District $250.00 Annually from 06/27/02 to
2.78
07/01/02 APN 772- 150 -001
Water District $450.00 Annually from 06127/02 to
5.00
07/01/02 APN 772 - 150 -002
Water District $1 50.00 Annually from 06/27102 to
1,67
07/01/02 APN 772 -150 -003
Water District $2,250.00 Annually from 06/27/02 to
25.00
07/01/02 APN 772 -150 -004
Water District $100.00 Annually from 06/27/02 to
1,11
07101/02 APN 772 - 150 -005
Water District $4,650.00 Annually from 06127/02 to
51.67
07/01/02 APN 772 - 290 -014
Water District $1,050.00 Annually from 06/27102 to
11.67
07/01102 APN 772 - 290 -016
Water District $1,450.00 Annually from 06/27/02 to
16.11
07/01/02 APN 772- 310 -009
Water District $1,100.00 Annually from 06/27/02 to
12.22
07101/02 APN 772- 310 -012
Water District $150.00 Annually from 06/27/02 to
1,67
07/01/02 APN 772 - 290 -002
Water District $1,500.00 Annually from 06/27102 to
16.67
07/01 /02 APN 772 - 290 -003
Water District $650.00 Annually from 06/27/02 to
7.22
07/01/02 APN 772 - 290 -004
Water District $2,200.00 Annually from 06/27102 to
24,44
07/01/02 APN 772 - 290 -007
Water District $350.00 Annually from 06/27/02 to
3.89
07/01/02 APN 772 - 290.009
Water District $1,050.00 Annually from 06/27/02 to
11,67
07/01102 APN 772 - 290 -010
Water District $800.00 Annually from 06/27/02 to
8,89
07101/02 APN 772 - 290 -011
Water District $450.00 Annually from 06/27/02 to
5.00
07/01 /02 APN 772 - 290 -015
Water District $600.00 Annually from 06/27/02 to
6.67
07101/02 APN 772- 310 -006
Water District $100.00 Annually from 06/27/02 to
1,11
07/01/02 APN 772- 310 -010
-
Water District $4,300.00 Annually from 06/27/02 to
47,78
07/01/02 APN 772- 310 -014
TITLE CHARGES
ALTA Owner's Policy - (ALTA Ptn) for $42,500,000.00 6,375.00
Spec Endorsement to ALTA Owner's Policy 3,400.00
ESCROW CHARGES
Escrow Fee 6,862.50
Courier Fees 20.00
Page 2
Date: June 27, 2002 Page 3
Escrow No: 140678 -LRC
BUYERS REFUND
TOTALS
3,932.92
$ 42,523,221.52
SAVE THIS STATEMENT FOR INCOME TAX PURPOSES
$ 42,523,221.52
1
Fidelity National Title
La Quinta Redevelopment Agency
Attn: Mr. Mark Weiss
78 -495 Calle Tampico
La Quinta, CA 92253
Dear Mr. Weiss:
Company
DATE: July 18, 2002
ESCROW NO: 140678 -LRC
PROPERTY IDENTIFICATION:
The Ranch, La Quinta, CA
In connection with the above - referenced closed escrow, enclosed herewith please find the following:
1. Buyer Final Closing Statement.
2. Fidelity National Title Company Check No. 006700 in the amount of $3,932.92 which represents
a refund due you.
3. Conformed copies of the following documents which were recorded at closing:
a) Notice of Option to Reject Annexation into PGA West (Master Association);
b) Notice of Option to Reject Annexation into PGA West II Residential Association;
c) Agreement Containing Covenants Affecting Real Property; and
d) Grant Deed.
4. Original Non- Foreign Affidavit executed by the Seller.
5. Original California Form 597 -W executed by the Seller.
6. Duplicate Original executed Estoppel Certificate.
7. Original fully executed (in counterpart) Assignment of Lease.
8. Original fully executed (in counterpart) Temporary Right of Entry Agreement.
Please be advised that your Policy of Title Insurance will be forwarded to you under separate cover
either direct from the title department or from escrow upon our receipt of same.
Should you have any questions regarding the enclosed or need anything additional, please do not
hesitate to contact the undersigned.
Sincerely,
isa R. Conlin, Vice President
Regional Escrow Manager
/Irc
Enclosure(s)
cc: Rutan & Tucker - Attn: M. Kathleen Jenson (w /copies of all enclosures)
7344 Magnolia Avenue, Suite 275 • Riverside, CA 92504 • (800) 940 -7794 • FAX (9091637-1935
Fidelity National Title Company WELLS FARGO BANK, N.A.' 006700
I 1 :ESCROW TRUST -MAJOR ACCOUNTS 972 -01
7344 Magnolia Avenue, Su9e 275 1124/4210
Riverside, CA 92504 -
(800) 940 -7794
ESCROW NO. CQG7n II:C ,Tune 27' 0
PAY
DOLLARS$ *3 932..92*
1'E)RE,I; TI O USAND NINE, ITUNDRED TITTR71- 1- NO,AND
T E Li' Quitita Redeve1Ol6,--nt Agency ESCROW TRUST ACCOUNT
ORDER ,Attn:Mr. Mdrk Weiss VOID AFTER 90 DAYS
OF ,. . , O SIGNATUR S REQUIRED
7E 4ri5.Calle Tar {l>crA
( Qul nta, CA 92-253
6700 11. 24
00670011' 1:1 2 1000 81:.4. 6 4079•
1,RC
Fidelity National Title Company
ESCROW TRUST - MAJOR ACCOUNTS 972,01
DETACH AND RETAIN THIS STATEMENT 006700
THE ATTACHED CHECK IS IN PAYMENT OF ITEMS DESCRIBED BELOW.
IF NOT CORRECT, PLEASE NOTIFY US PROMPTLY. NO RECEIPT DESIRED.
C,-AwLy # /Branch #: (j093/0005 Check Nu: G700
Gscrow Nuud)er: 14067E -LRC RAte: 06/27/02 Ameek $36700 2
DLlycl- . I..' QO.11lt�l F.edacelulxnerit Agency.
Seller : KSL Lama Holdings, Inc.
r,,,.vccty: The Ranch, La Quinta, CA
Buyer(s) R.:•fw,d
RECEIPT city of La
RECEIVED FROM
ADDRESS
FOR
[.RC
78-495 Calie Tampico, P. O. B x 1504, La Quinta CA 92253
"A _ r . .47%/4�,07_,63819
DOLLARS $